Small Business Loans
Small business loans can help launch your startup, cover overhead costs, purchase equipment, refinance debt — and more. Here, you can compare business loan rates, calculate costs and explore your options to find the right loan for you.
Our featured picks
There’s no one-size-fits-all small business loan. That’s why we constantly evaluate lenders and show you a variety of options to help you choose the best business loan based on your needs. Here’s a look at our current top recommendations.
Credibly: Best for bad credit business loans
- Business credit score: Over 500 (Specific requirements vary)
- Personal guarantee requirement: Yes
- Time in business: Six months
- Business annual income: $180,000
Wells Fargo: Best for lines of credit
What to know: Three revolving business lines of credit offer some of the lowest rates around and earn rewards on eligible purchases. New and established businesses may be eligible for the unsecured lines of credit, while the secured Prime Line of Credit is for businesses with at least $2 million in annual sales. Annual fees may apply (waived the first year).
- Business credit score: 680
- Personal guarantee requirement: Yes
- Time in business: Varies (Two years for the BusinessLine line of credit and less than two years for the Business Advantage line of credit)
- Business annual income: Not disclosed
Funding Circle: Best for fast and affordable loans
What to know: Business term and SBA loans have more favorable rates compared to other online lenders. Loans may be approved and funded in as little as 24 hours, and you won’t have to deal with excessive fees, though the origination fee is high. Eligibility requirements are fairly strict, especially for SBA 7(a) loans, which have a minimum annual revenue of at least $400,000.
- Business credit score: 660 (SBA 7(a) loans only require 630 credit score)
- Personal guarantee requirement: Yes
- Time in business: Two years
- Business annual income: $50,000 for term loan
Learn more about small business loans
What's new
-
How to manage a working capital loan
Follow these steps to save money and avoid defaulting on your working capital loan.
6 min read Sep 11, 2023 -
8 reasons my business loan was denied
Being denied a small business loan can be disheartening, but understanding why your application was denied is the first step toward getting approved next time.
6 min read Sep 11, 2023 -
How to get a business loan with bad credit
You can get a business loan with bad credit. Learn how to boost your approval odds.
9 min read Sep 07, 2023 -
What are current unsecured business loan interest rates?
See the current interest rates for different types of unsecured business loans and the factors that affect those rates.
8 min read Sep 06, 2023 -
How to choose the best small business lender
Small business loans are accessible through banks, credit unions and online lenders. But with so many options, choosing a lender for your small business can take time. To narrow down your list of options [...]
7 min read Sep 06, 2023 -
What is a factor rate and how to calculate it
Factor rates are simple but costly. We’ll show you what you need to know.
5 min read Sep 06, 2023 -
What disqualifies you from a small business loan?
Poor credit isn’t the only way to be disqualified from a business loan.
7 min read Sep 06, 2023 -
Alternatives to fast business loans
SBA loans, grants and crowdfunding are just a few alternatives worth considering.
7 min read Sep 05, 2023 -
How to manage an unsecured business loan
Follow these steps to pay off your business loan successfully.
6 min read Sep 05, 2023 -
What can you use an LLC loan for?
Learn how to fund an LLC using business loans.
3 min read Sep 05, 2023